CLU.NEO vs. XEQT.TO
CLU.NEO (iShares US Fundamental Index ETF (CAD-Hedged) Common Class) and XEQT.TO (iShares Core Equity ETF Portfolio) are both exchange-traded funds - CLU.NEO is a Large Cap Blend Equities fund tracking the FTSE RAFI US 1000 Canadian Dollar Hedged Index, while XEQT.TO is a Global Equities fund actively managed by iShares. CLU.NEO is passively managed, while XEQT.TO is actively managed. Over the past 5 years, CLU.NEO returned 9.30%/yr vs 13.90%/yr for XEQT.TO. A 0.59 correlation means they provide meaningful diversification when combined. CLU.NEO charges 0.72%/yr vs 0.20%/yr for XEQT.TO.
Performance
CLU.NEO vs. XEQT.TO - Performance Comparison
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Returns By Period
In the year-to-date period, CLU.NEO achieves a 8.69% return, which is significantly lower than XEQT.TO's 13.22% return.
CLU.NEO
- 1D
- -0.17%
- 1M
- 1.57%
- YTD
- 8.69%
- 6M
- 10.48%
- 1Y
- 24.65%
- 3Y*
- 16.95%
- 5Y*
- 9.30%
- 10Y*
- 11.02%
XEQT.TO
- 1D
- 0.83%
- 1M
- 6.02%
- YTD
- 13.22%
- 6M
- 11.68%
- 1Y
- 30.42%
- 3Y*
- 22.22%
- 5Y*
- 13.90%
- 10Y*
- —
CLU.NEO vs. XEQT.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CLU.NEO iShares US Fundamental Index ETF (CAD-Hedged) Common Class | 8.69% | 15.20% | 14.82% | 13.13% | -9.37% | 31.13% | 3.57% | 14.48% |
XEQT.TO iShares Core Equity ETF Portfolio | 13.22% | 19.47% | 24.36% | 17.25% | -11.01% | 18.94% | 11.82% | 9.89% |
Correlation
The correlation between CLU.NEO and XEQT.TO is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 2019 | 0.59 |
The correlation between CLU.NEO and XEQT.TO has been stable across timeframes, ranging from 0.53 to 0.59 - a consistent structural relationship.
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Return for Risk
CLU.NEO vs. XEQT.TO — Risk / Return Rank
CLU.NEO
XEQT.TO
CLU.NEO vs. XEQT.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares US Fundamental Index ETF (CAD-Hedged) Common Class (CLU.NEO) and iShares Core Equity ETF Portfolio (XEQT.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| CLU.NEO | XEQT.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.54 | 1.48 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.86 | 3.70 | +0.16 |
| Martin ratioReturn relative to average drawdown | 14.84 | 16.13 | -1.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CLU.NEO | XEQT.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.50 | 2.62 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 1.07 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.96 | -0.34 |
Drawdowns
CLU.NEO vs. XEQT.TO - Drawdown Comparison
The maximum CLU.NEO drawdown since its inception was -39.93%, which is greater than XEQT.TO's maximum drawdown of -29.74%. Use the drawdown chart below to compare losses from any high point for CLU.NEO and XEQT.TO.
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Drawdown Indicators
| CLU.NEO | XEQT.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.93% | -29.74% | -10.19% |
Max Drawdown (1Y)Largest decline over 1 year | -6.55% | -8.25% | +1.70% |
Max Drawdown (3Y)Largest decline over 3 years | -16.57% | -15.08% | -1.49% |
Max Drawdown (5Y)Largest decline over 5 years | -20.66% | -19.56% | -1.10% |
Max Drawdown (10Y)Largest decline over 10 years | -39.93% | — | — |
Current DrawdownCurrent decline from peak | -0.70% | 0.00% | -0.70% |
Average DrawdownAverage peak-to-trough decline | -4.74% | -4.11% | -0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.70% | 1.89% | -0.19% |
Volatility
CLU.NEO vs. XEQT.TO - Volatility Comparison
The current volatility for iShares US Fundamental Index ETF (CAD-Hedged) Common Class (CLU.NEO) is 2.30%, while iShares Core Equity ETF Portfolio (XEQT.TO) has a volatility of 3.70%. This indicates that CLU.NEO experiences smaller price fluctuations and is considered to be less risky than XEQT.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CLU.NEO | XEQT.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.30% | 3.70% | -1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 7.24% | 9.41% | -2.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.11% | 11.65% | -1.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.54% | 13.13% | +1.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.08% | 15.56% | +2.52% |
CLU.NEO vs. XEQT.TO - Expense Ratio Comparison
CLU.NEO has a 0.72% expense ratio, which is higher than XEQT.TO's 0.20% expense ratio.
Dividends
CLU.NEO vs. XEQT.TO - Dividend Comparison
CLU.NEO's dividend yield for the trailing twelve months is around 1.20%, less than XEQT.TO's 1.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CLU.NEO iShares US Fundamental Index ETF (CAD-Hedged) Common Class | 1.20% | 1.31% | 1.32% | 1.35% | 1.63% | 1.19% | 1.66% | 1.46% | 1.77% | 1.46% | 1.63% | 1.87% |
XEQT.TO iShares Core Equity ETF Portfolio | 1.47% | 1.66% | 2.01% | 2.07% | 2.12% | 1.64% | 1.66% | 1.19% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CLU.NEO and XEQT.TO have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XEQT.TO is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XEQT.TO is cheaper with a 0.20% expense ratio, compared with 0.72% for CLU.NEO.
CLU.NEO is categorized as Large Cap Blend Equities, while XEQT.TO is Global Equities. Their fees differ too: 0.72% for CLU.NEO and 0.20% for XEQT.TO.
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